[00:00:00] Speaker A: This week in the Parish of Bourses and Market structure Kazakh Merger freeze Zimbabwe.
[00:00:06] Speaker B: List and on a personal note, our.
[00:00:08] Speaker A: Sad day My name is Patrick L. Young. Welcome to the Boris Business Weekly Digest. It's the Exchange Invest Weekly podcast, episode.
[00:00:17] Speaker B: 304.
[00:00:31] Speaker C: Foreign.
[00:00:40] Speaker B: Ladies and gentlemen, this is a very brief reduction of highlights amongst the key headlines from the week in Market structure. All the analysis of the many events and happenings from the past seven days can be found in Exchange Invest Daily.
[00:00:50] Speaker A: Subscriber Newsletter Unique guide to the Board's business Send daily to your inbox more
[email protected] we begin this week with a sad note.
[00:00:59] Speaker B: I appreciate you came for the weekly Bourse podcast, but on my apologies for the personal nature of this note, I must interrupt with a personal tone. Beyond the business of Bourses, but also contiguous to our market structure. This is the hardest message I've ever had to deliver. Please bear with me. My brilliant wife, business partner, inspiration and muse Bahata Young went missing on June 16 while swimming off the coast from our Caribbean Idol. Police investigations are ongoing. Please may I ask you to respect this investigation and not engage in public speculation. I will endeavour to respond to all DMs as best I can, but you can appreciate these are difficult times. To all those of you who wish to pray or send a message to your God, regardless of faith or just to the universe, please do so. We all hope for a miraculous return of an incredible woman. All our offices remain open. I would like to add a huge word of thanks to our amazing team who have continued to work diligently. We our continuing to publish Exchange Invest. Our social media clients are fully covered and most importantly of all, Baatta's work through Woman on it continues. Our team intends to continue Baatta's work as a beacon of light and inspiration for women in tech on boards and female entrepreneurs across the world.
[00:02:11] Speaker A: To all those who have assisted with.
[00:02:13] Speaker B: The search, my profound thanks on my own behalf, on behalf of our family and all our team. When I have any news we will update you on the situation.
In the meantime, spare a thought please for the brilliant Beata Young. Thank you and our profound thanks for all the kind messages we've received via dm, social media and email from all over the world. Since we published that message in Exchange Investment online, in exchange invest3318 and on LinkedIn, etc. I can readily appreciate the prevailing comment has tended towards versions of I can't find the word. That is a perfect response. We can't find the words either. There is a huge void in our lives in the office and at home and we miss this amazing woman at all times times thanks to her dynamism in so many areas, particularly working with women in IT entrepreneurship and beyond. I personally owe a debt of gratitude to the amazing interchange Invest and woman on IT teams who have managed social media process with remarkable calm and candor. I have no doubt their boss Bayata beams with pride at the team's resolute professionalism.
Onwards to this week's Exchange News review. Over in Bitcoinage we questioned Crypto's OCC.
[00:03:19] Speaker A: Chief Jonathan Gould has been confirmed to lead the occ. That's the Office of the Controller of the Currency. It's an innocuous headline, but if we.
[00:03:28] Speaker B: Layer it with US Senate confirms ex.
[00:03:30] Speaker A: BitFury exec to lead OCC Banking Regulator as it was Cointelegraph or Forbes Jonathan.
[00:03:36] Speaker B: Gold confirmed by Senate as OCC Chief in a Crypto comeback, it rather takes on a new dimension.
If you enjoyed this excerpt, you may be interested to know you can read Bitcornage every day on Exchange Invest. Alternatively, if you want to follow Bitcarnage, the daily update on the happenings in the world of crypto and digital assets, you can find Bitcarnage as a standalone on Substack this week in exchanges themselves. Great news from Hong Kong. Enhancement arrangements for the offshore RMB bond repurchase business have been announced by hkma.
[00:04:05] Speaker A: Excellent work all round by the ever.
[00:04:07] Speaker B: Expanding scope of CMU Omniclear and the RMB yield curve trade via Hong Kong is coming closer. Elsewhere, a story inferred what we spelt out in Exchange Invest not even a decade later and it looks as if Hong Kong Exchanges Group had a lucky.
[00:04:21] Speaker A: Escape in not acquiring the London Stock Exchange as even the Guardian yes, the pantheon of lefties in London.
London's Stock Exchange needs a shot in.
[00:04:31] Speaker B: The arm from the treasury went even.
[00:04:33] Speaker A: Their headline the unity of media.
[00:04:36] Speaker B: The lefties at the groniad and the free marketeers of City Am appreciate the disaster area which the LSE has become in the Caribbean. The Jamaican Stock Exchange has launched their first summer camp to teach investing to young students. Excellent work. Is Marlene Street Forest.
[00:04:53] Speaker A: The CEO is in her twilight months.
[00:04:55] Speaker B: As Jamaica SC boss but continues to do truly good work in Egypt. A tragedy.
[00:05:01] Speaker A: EGX halted trading on July 8 after.
[00:05:03] Speaker B: The Ramses data center fire disrupted market.
[00:05:06] Speaker A: Operations for an entire Day. By July 9, the Egyptian stock Exchange.
[00:05:11] Speaker B: Had resumed operations after the Cairo fire disrupted telecoms. The fire at the major local data center resulted in the need to curtail.
[00:05:19] Speaker A: A great deal of bandwidth intensive activity in Cairo. Worst of all was the news that.
[00:05:23] Speaker B: The Cairo Telecom building fire killed four and injured 27. Our sympathies to all affected.
[00:05:30] Speaker A: HNX Hanoi's exchange has halted new stock listings and exchange restructuring. This is part of the long term plan in Vietnam to leave the exchanges specializing with the Ho Chi Minh Stock Exchange also listing equities on the Hanoi Stock Exchange will be trading bonds and derivatives. Not so many results this week, but Philippine Stock Exchange led the way with their bottom line improving 25% in the first half of 2025. Excellent news from the Philippine Stock Exchange in new markets. Great news. The Ethiopian Securities EXC officially launched trading the secondary market open on esx.
[00:06:05] Speaker B: You can also catch up with developments there by listening to our IPO Vid179 introducing the Ethiopian Securities Exchange with ESX.
[00:06:13] Speaker A: CEO Michael Habtay from just a few weeks ago. Meanwhile, trading giant Vertu they're backing the plan for IEX's proposed options exchange, where Citadel and Sifma have left themselves open to potential conflicts of interest questions. In opposing the IEX exchange, Virtue supports the new flashbuy options market complete with 350 microsecond delay, which strikes me as an exciting development for the burgeoning US Equity options marketplace.
[00:06:39] Speaker D: Thanks for listening to Exchange Invest Weekly. We welcome your feedback. You can contact me directly patrickrevativesvision.com with any comments. Meanwhile, if you enjoyed this show we would welcome you giving us a thumbs up or if you have time, A positive review will always be welcome wherever you find this podcast.
[00:06:57] Speaker A: Over in Deals Busy week for deals in the Parish. All the deals are in Exchange Invest Daily, the newsletter no person can afford to be without in capital markets and market structure. For the sake of this podcast, here's some edited highlights. NSE's IPO has gained pace. The process appears to be being put on a fast track with concerned officials working on it as a priority and merchant bankers in India gearing up for a beauty parade in anticipation of NSE's IPO and mega bonanza looms for everybody involved in the listing process. But the valuation has been hit as part of the Jane street fallout.
[00:07:29] Speaker B: The Jane street ban on the proprietary.
[00:07:31] Speaker A: Firm from SEBI has weighed on the.
[00:07:33] Speaker B: NSE market valuation and that meant a cut off 10%.
[00:07:37] Speaker A: 10% off in the private market as a result of the SEBI action against.
[00:07:41] Speaker B: Jane street while the prop firm lodged.
[00:07:43] Speaker A: More than a half billion US dollars.
[00:07:45] Speaker B: To be allowed to start trading again.
[00:07:47] Speaker A: In India Great news from Zimbabwe. ZSE holdings have finally self listed on.
[00:07:54] Speaker B: Their own main board.
[00:07:56] Speaker A: Meanwhile, Ukraine is committed to restructuring its stock market and EBRD deal. A curious deal insofar as long standing projects via USAID were presumably abandoned when Trump closed that rather less than useful body. Certainly it was hard to credit their presence Ukraine as there'd been an ongoing project to modernize Ukraine's capital markets which never appeared to go anywhere despite beginning long before the latest Putin invasion. The biggest news of the week in deals is a deal not happening. The merger of KZ and AIX has been halted. The exchanges in Almaty and Astana respectively are going to retain their current structure functions according to the national bank of Kazakhstan. Hallelujah. The market competition in Kazakhstan can continue a Pierce if you fancy some financial insights with moving pictures, check out our live stream. Tuesdays 5:00 clock London midday New York time is the IPO video live show. Catch the back episodes on LinkedIn and YouTube via IPO vid. Now online, a fantastic second panel discussion J for July, Jane street and more with Mark Bettis and Berg, Robert Barnes and yours truly Patrick L. Young.
Next week we'll be looking at the wonders of discussing carbon market updates with the fabulous Steve Zwick Finance Book of the Week this week is Tax Harbor Arbitrage Trolling the International Tax System by Nigel Featon, former IPO vid guest and indeed the current Finance Minister of Gibraltar. This book considers the confusion over the boundary between legality and morality.
In product news, ICE are expanding the nicely Index family with the launch of a US Tech index and a broader range of nicely listed indexes. Meanwhile in technology, Ghana's Central Security Depository has gone live with a new platform from Montran. Very interesting. Montran are big in central banking. I'm not so sure what they really offer in the CSD world other than good links to central banks obviously in career paths. Great news for Christian Schoberg. Nasdaq in an inspired move, has a patient who was previously in charge of Marketplace technology business development within the CCP end of Nasdaq's tech and Christian is going to become President of Nasdaq Clearing ab, a terrific development at Nasdaq. I'm delighted to see Christian's vast domain expertise being tapped to run Nasdaq Clearing. An excellent appointment by Roland Shy I can't say I was disappointed in Big World to be left off the Bezos wedding invitations, but I was highly amused to see protests, the plutocrat and a lot of celebrity types being not universally welcomed in La Serenissima given Jeff Bezos would have likely been regarded as a fairly liberal dude, to put it mildly, by the cutthroat medieval capitalist who created the Amazing Lagoon on petrified wooden stilts replete with palazzi, which defined Venice as the epicenter of indulgent hedonism. Fun fact, in its heyday, Venice boasted 20,000 licensed sex workers, nearly 10% of the total population. Likewise, when it comes to proclaiming Bezos and co are amongst the tourists overcrowding the city, bear in mind Venice has 49,000 contemporary residents, plus a maximum of 119,000 tourists a day, which doesn't mind to a lot of people packed into Venice's 2.7 square miles. But in 1576 the city had 180,000 residents, significantly more than 49,000 plus 119,000. Despite the presence of Kim K et al, Venice was less busy and June 2025 than it was in the late 16th century. And on that mysterious and magnificent note, thank you for listening to this exchange of our weekly podcast number 304. Join us daily vie exchangingvest.com or if you have new exchange or marketplace you'd like built, get in touch. My name is Patrick G. And I wish you a great week in life and markets.
[00:11:51] Speaker D: This show relates to the business of Bourses. It is not to be construed as investment advice nor are we making any investment recommendations.
Please consult an investment advisor before you make any investments. And for goodness sake, do your due diligence and do not make investments without complying with the regulations in your home state. Exchange Invest cannot be held responsible for any investment decisions made as a result of our program, which is for entertainment purposes only.
The material herein is copyright Patrick L. Young at the date of publication while our music and sound effects are sourced from copyright free sources. Thanks for listening to Exchange Invest Weekly. The exchange of information.
